Acquisitions (Tables)

12 Months Ended

Dec. 27, 2019

Our consolidated results include the following financial information of Mann Packing:



	Period from February 27, 2018 to December 28, 2018
Net sales	$	488.6
Net (loss) income attributable to Fresh Del Monte Produce, Inc.	$	(1.7	)

The following table summarizes the fair values of the net assets acquired and liabilities assumed at the date of the acquisition:



	December 28, 2018
Assets acquired
Current assets:
Cash and cash equivalents	$	1.4
Trade accounts receivable, net of allowance	37.0
Other accounts receivable, net of allowance	5.3
Inventories, net	23.8
Prepaid expenses and other current assets	3.9
Total current assets	71.4


Property, plant and equipment, net	96.2
Definite-lived intangible assets, net	139.8
Goodwill	162.0
Total assets acquired	$	469.4
Liabilities assumed
Current liabilities:
Accounts payable and accrued expenses	64.8
Total liabilities assumed	64.8

Less: Redeemable noncontrolling interest	47.4

Net assets acquired	$	357.2

Schedule of pro forma information

The following unaudited pro forma combined financial information presents our results including Mann Packing as if the business combination had occurred at the beginning of fiscal year 2018:



	Year ended
	December 28, 2018
Net sales	$	4,573.1

Net (loss) income attributable to Fresh Del Monte Produce, Inc.	$	(18.6	)	(1)

⁽¹⁾Unaudited pro forma results for the year ended December 28, 2018 were positively adjusted by $10.8 million consisting of $12.7 million of nonrecurring transaction related compensation benefits, advisory, legal, accounting, valuation and other professional fees, partially offset by $1.9 million of interest expense as a result of increased borrowings under our Credit Facility.